Why Everyone Says The Job Market Sucks (Are They Right?)
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- Опубліковано 28 січ 2024
- Why Everyone Says The Job Market Sucks (Are They Right?)
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Currently unemployed and laughing at this.
200 applicants at the local dollar store where you'll get 40 hours a month on minimum wage working as the only employee in the building and they want you to be bilingual.
Most jobs require a masters degree. For $1 above minimum wage
They also want a master's degree and 15 years experience as a regional manager.
People need to retrain. There are short term training programs in phlebotomy and pharmacy tech and longer term training in other fields. People need to set their sights higher
@fremontpathfinder8463 I am a certified pharmacy tech. Don't want to work overnights in North Philadelphia in a building full of drugs. Besides, it paid about as much as Macy's, but if I put the wrong shirt on the wrong rack, nobody dies.
Job market is horrible . I am single and not married. I am worried
What skills and licenses do you have?
All I'm hearing is, "Don't believe your lying eyes, the job market is great."
Sorry Ken. I like your show, and the good intentions behind your messages. But you’re wrong on this one, and not a very constructive way to help your audience. I can confirm the ghost jobs out there, as recruiters have admitted to be that many job postings were not actual jobs. I also host my own podcast and discuss the industry of motion design, and studio owners and freelancers can all confirm that projects have been getting canceled and bookings cancelled due to budgets being cut and layoffs affecting business relationships. Nothing new to the business landscape, but there has absolutely been a huge slow down over the past year in our field.
Regarding “the data”… You shouldn’t blindly read stats and assume everything is “good”. What jobs are being counted? What income do those jobs bring? You should elaborate and shed light on the ACTUAL data before calling your audience “lazy”. I have peers with stellar resumes / portfolios that have worked at all the major studios and tech companies… And they are struggling to find work. So don’t follow “the data”. Ask your audience what their everyday looks like before just throwing out a blanket statement.
I can vouch for this. I work in staffing and have see multiple industries such as manufacturing are in hiring freezes or cutting back on work
Ken, like Dave Ramsey, is out of touch with mainstream workers. He has a relatively safe job that pays well so he doesn't know what it's like for people who don't have job stability or are in industries at risk or layoff. Him reading "data" from the government when it's being manipulated is disingenuous, especially ad most of the jobs are either part-time, or go to industries which don't generate wealth, namely government, healthcare, and social services.
Exactly right.
There are jobs in blue states in teaching, nursing, the trades, engineering, the arts, cybersecurity, registered veterinary technology, etc, etc. There are lots of city, county and state jobs as well. People need to retrain.
This is what I run into! There are a lot of job postings that are scams or mlms. It’s hard to filter out the noise. And some of us don’t have the resources to go to reputable job sites that are legit and not flooded with scams.
When I do find job postings that are legitimate, they are asking for people with 5+ years of experience. I graduated from university a year ago. This entire year I have not been successful. I keep trying though. Maybe one company that is legitimate and not a scam that is willing to hire new graduates and want to train employees will hire me. Who knows?
I've been unemployed for 11 months. I just interviewed and was told I don't have the right experience. I have 10 years in the field with a PMP certification. This market is crap.
The job market is terrible! My son and his girlfriend both lost their jobs that they had for years when Rite Aid closed. They cannot get a job to save their souls. They have applied to tons and tons of jobs, even part time jobs, and completely ghosted. They won't respond to calls or emails. Just dead silence. They are about to lose their apartment as they have been burning through their savings. They are extending their reach to other places but so far not even an interview. So, tell me again how good the job market is. Also, I am 66 years old, and I have had a few jobs. Yes, I had to apply at multiple locations, but it never took me long to get an interview and a job. Completely different from now. It's also very unprofessional for companies to not have at least some response to an applicant. Even if it's just a small email or text.
Ken Coleman is the Joel Osteen of Jobs and Economy Advice.
Lolol
Truth 😂
I completely agree. It appeared on my feed, and it's terrible!
Yup
I am 200+ applications in. Nothing yet. Seriously considering reducing my credentials on my resume to try to get a job beneath me. I just want to work again.
look into getting a federal government job. they look at experience, the more relevant experience to the position the more the pay (coming from an HR Assistant in recruitment with the VA)
I feel your pain. The job market is broken.
That's the problem. You need to narrow your job search and personalize the resume and cover letter to each job. Leave off things like " honest, hard worker, creative." Your resume will go in the trash if you do that. Highlight what you have accomplished at each job. Consider city, county and state jobs as well as school district jobs.
I say the job market sucks because it sucks for me. It sucks for a lot of people. Throw in ghost jobs, ageism, and employers wanting to lowball us, and the suckage is palpable.
Job market has been on the decline since November of 2022. This is a joke.
I've been a truck driver for 12 years, I've NEVER had such an incredibly difficult time trying to get a job that doesn't suck, I've had multiple interviewers tell me that I'm competing with over 100 people with similar experience every time I interview because of other companies going bankrupt.
The job market is fucking horrible for everyone trying to get a job right now.
I cannot believe that you can be as uninformed as Ken and have a show on UA-cam.
Amazing.
If it's so great why is everybody saying it's not. Also with AI job recruiters are using very specific words to find that perfect resume.
Does anyone actually believe the government data? We know inflation is vastly more than they claim and every single time they release unemployment numbers they have to adjust it later showing fewer jobs available. Next question is what kinds of jobs are available? Many people are forced to work multiple jobs just to pay for basics so when many have multiple jobs, it skews the numbers as well.
@@maddy-books So having a job does not remove that job from the numbers? Seems logical to me that any job that is filled makes the overall number lower, so the fact that many are working multiple jobs would impact the overall rate.
@@maddy-booksIt does skew the amount of active/new jobs.
When new hires are increasing but active labor pool is staying the same... That is showing thst people are getting multiple jobs.
@@maddy-books yes they do skew. If you take a part time role it counts as another job created. If you get laid off and take 3 part time jobs to make ends meet it counts as 2 jobs created. That shows a tighter labor market. That is a lie. Also if the only jobs in 2022 were minimum wage unfilled but people have to take it then that counts as jobs filled and a lower unemployment rate. Overall it is a weaker not stronger market
Exactly. This msm parroting npc had no clue wtf he's taking about. You do
UPS laid off 12,000 employees
😮
I’ve been out of a job since early February. My resume is stacked. This is the hardest time I’ve ever had finding a job in my life…the numbers are BS
Update, finally got a job and started about a week ago but I applied to nearly 500 jobs with a few interviews…most of which led to nothing. Finally working again albeit for a bit less salary before and no longer remote…grateful none the less but it’s hard out here. Wish you all the best in your job search.
I'm sorry, but as someone who has applied to dozens of jobs over the last few months, I've still come up empty handed. I've reached out to employees of the companies I'm interested in and hardly get any replies for simply asking to connect and chat - not even asking for a referral. I think this video over simplifies the reality that people in the Tech industry are going through. Yes, it's extremely competitive right now, and people are competing. So I'm not sure where this assumption is coming from that people aren't competing.
It's not just you. A lot of people are long term unemployed, so they are removed from unemployment data. That's one way the number is manipulated.
If Indeed isn’t lying about the numbers. The jobs I have applied for all have 50+ applicants and many even have 100+ applicants. Theres no way any of these companies properly screen all of those applicants
Worth pointing out that the unemployment rate only counts people in their first few months of being unemployed. Everyone past that time frame isn't counted. I forget the exact time frame, but I know it's between 6 months and 2 years.
Unemployment checks dont last 2 years. Mine was 6 months a few years ago.
I know my state only counts the people getting unemployment checks as being unemployed. Everyone else that doesn't have a job isn't counted. Those checks only last for six months so.
Is this supposed to be about now on planet Earth? I think this has been the absolute hardest time I've ever had time to find work. Previously, I have not experienced difficulty even remotely similar to what I am now trying to secure gainful employment. Clearly what I am/am not doing or is not working.
I am educated. I have a Bachelors Degree in Finance and I am a certified Illinois teacher with 5 endorsements and I am a certified paralegal and certified abstractor and a Florida Notary. I live in the suburbs of Orlando, Florida. I am seeking a job and I receive email rejections at 1am and 2am and do not find that to be very professional.
You need to move back to Illinois and teach. Don't teach in Florida. The pay is low. However, did you transfer your credentials to Florida before seeking a teaching job there? Consider city, county and state jobs.
The job market has “sucked” for decades! Per ShadowStats, the unemployment rate is closer to 25%.
This is not true at all.
nah, 2016-2019 (Trump years before covid) it was really good. If you had half a brain you could get a decent job.
Not true based on what? Your feelings?
Ya I think it says 4% regardless of year. Ya 4% … lies!
Stopped listening a minute and 5 seconds in ....... First video I've seen from this channel and now the last, thanks making it quick & easy!!
Wise choice. I can't deal with propaganda.
I was denied teacher job interviews in Chicago because I was not a minority. I am white . I was discriminated against
I don’t doubt that at all. All this racist “equity and inclusion” bs is only demonizing straight white people.
Sue them. More cases like that need to make it to court.
@@midriffzero I sued and lost because a federal decree is legal.
This content creator is off the mark , its very bad. Companies are being hard hit by AI and the incoming recession. Inflation is extremely high, people can't afford their rents and mortgages . Excessive insurance hikes, utilities but the people are complaining. His assessment is a joke . Companies are paying less and requiring more .
The job market in my area is terrible. Employers don’t want or pay much for positions that are very stressful and have lots of responsibility. I’ve seen accountants listed at $15 an hour in my market. No way when the job is insanely detail oriented and the degree for accounting costs $40k minimum.
CPA job for $15??? I don’t believe you. 😮
2 very important things to consider before you call people liars, what is "empolyment" and what is "finding a job" I have been technically employed for 3 years 1 is a minimum wage ($7.25 /hr) job and one was a job you were paid per minute on the phone (no one calls for hours, no money for that day) so if I'm showing up as employed in these stats then it looks great. But I will tell you I cant find a job because im looking for a job that pays at least 20k yearly and cant find one.
But what skills do you have to offer? What training have you had?
Data doesn't get me a job nor anyone else? Your data is lying and REAL people can't find jobs. I have 15 years of experience in IT and can't get a job....so that tells a intelligent person two things one is they are not actually hiring for these positions they just have the job opening and are not filling it. Or because of massive layoffs the competition is high but that indicates that job availability is decreasing.
I worked 7.5 years for Westcor Land and Title Insurance and was laid off on 9/26/22. I collected unemployment for 9 weeks. I got a contract job for 6 months. I was unemployed again from June to August 2023. I got a new job in August of 2023. Then I got laid off on 10/23/23 and unable to collect unemployment because benefits ran out .
The problem is there is too much competition and employers know this so either make terrible offers or hire someone in an entry-level role with managerial experience. Happened to me twice now.
I'm so happy I made productive decisions about my finances that changed my life forever,hoping to retire next year.. Investment should always be on any creative man's heart for success in life
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are the strategies?
I'll advise you to work with a financial advisor.....Building a good investment portfolio is more complex so I would recommend you seek Fergus Waylen's support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams
Wow. I'm a bit perplexed seeing him been mentioned here also Didn't know he has been good to so many people too this is wonderful, i'm in my fifth trade with him and it has been super
YES!!! That's exactly his name (Fergus Waylen) so many people have recommended highly about him and am just starting with him from Brisbane Australia
I don't want to put a figure to how much i've made doing that but let's just say it's more than enough to make trading worthwhile. And when i say worthwhile, i mean it.
It will get worse with AI taking more and more jobs
So you list legitimate info on challenges job seekers face but then turn around and we aren't being competitive. How do we know if we are applying to a fake or old job posting while wasting our time????? Thank God you don't have to look for one.
Exactly - the last job I sent my resume too had 200+ applicants. The tech market is being slammed and even 20.00 an hour Data Entry jobs are asking for Advanced Degrees now. It's ridiculous.
Ghost jobs
Ive never had an issue untill this past year now i dont even get spoken to
Brother unemployment runs out.
PayPal laid off 2,500 employees
Ken, i love your show. But this entire segment was a bit out of touch. The job market is actually tightening up. Despite what the government data says, it has become harder to find a decent paying full time job. Lots, of ghost jobs sre being posted and their is an uptick in layoffs. In my area, restaurants have been closing and so have some bank branches. Some in the higher tiers may not feel it as bad or even notice these issues in the same way many blue collar fields do.
I work for a drug testing company. We do drug testing for thousands of employers across the country. Even we've had layoffs as business has slowed down. I don't know what data he's talking about.
It would be interesting if you could try to run an experiment where YOU try to land a role you think you’d like and see how long it would take and share it with us. :)
Bullshit every shop I apply to wants 5 years of top quality experience for $20 an hour. I’m making 27 an hour right now with 1.5 years experience. I’m sadly locked into my job that I do not like.
Coleman is completely oblivious to the realities of the current job market--probably because he's protected inside his wealthy bubble. Associates of mine, who possess master's and PhD degrees--who have 10+ years experience, and have submitted over 500 job applications--NOT AN EXAGGERATION--are not getting any response from companies who post job listings. The job market is broken. Ken needs to wake up. Not everyone is blessed with employment right now--certainly not for a lack of trying. There are people who spend 10-12 hours a day job-hunting with virtually ZERO RESULTS. Calling anyone who was laid off after 10 years of service as an exceptional and dedicated employee and is currently struggling to find work is incredibly insulting.
It must be so easy to just talk for a living
You straight up wrong
I can't get hired because I am lazy and dumb.
Depends on the Industry. In the semiconductor industry, we are always hiring.
Do u need any certifications for that?
The real issue is the government reporting. They're reporting 3.5% unemployment, which reflects people who are looking for work in the past 3 months. Thereafter, the reporting stops for that individual. Also, self-employed 1099 workers are not considered. Bottom line - their report is skewed.
To get application views/responses is tailor the wording in your resume (each unique job you apply to) to how the job application states it. Then the algorithm will pick you up as a "perfect" candidate. Not saying lie, just spiff it a bit.
Questions:
1) How many of those jobs have been on the market longer than 3 months? How many applicants how been screened?
2) What is the high, low, and average of said job(s)?
3) Of the people that are employed how many are working multiple jobs?
4) The jobs that were "created" has anyone verified that these are real openings, or is these postings used to create a company pipeline?
5) If the Job market is a strong as you say, it should go w/o saying that Biden and his cabinet will be reelected, right?
Try looking for a job sir, then talk. You go by numbers regurgitated by those whose interest is to make them look good. There is a disconnect between the numbers thrown around and what people experience. Talking about disinfo...riiight
There is a massive amount of double counting with people being forced to work multiple part time jobs to support themselves and there is actually currently no system for the government to track how many people work 3 jobs because the maximum you can indicate is two. Now imagine how many “new jobs” and how many “employed” people are now lumped into these stats where they’re living in crummy studios, exhausted, and not advancing any career (and obviously having little to no savings).
Coming from someone who is actively employed
My family member has worked at Altria (Phillip Morris) for over 20 years. Great pay, benefits, he enjoys his job. He said the company told him there is a hiring freeze during all of 2024!
If a huge company that produces addictive products like cigarettes, vapes, and alcohol is no longer hiring (items that people will continue to use in hard times) what does that say about the job market we are heading into.
100% much more telling data than cooked government stats. These are products that are recession proof.
It all depends on what job sector you're referring to. Perhaps the job market is great in hospitality or the service industry, but if you're in tech. or a tenured business development type of role, good luck landing something. There's more competition than ever trying to land a role. Also, employers are making candidates jump through a bunch of hoops these days.
Job market does not equal recession. It is lagging indicator after a recession has already started. When the recession already starts is when we found out after the layoffs have started. Likewise during a boom employers lag creating jobs unless they have too. Where I work we have a hiring freeze but all but the most essential roles which are just refills. My brothers company had 2 rounds of layoffs and got rid of bonuses. My Linked In has become quiet and only temp contract roles paying less than what I make occasionally contact me. I see it. So do others. 6 months from now we will see the real numbers of layoffs and be officially be in a recession
He actually believes their are 3 jobs for every 1 job seeker available lol thats why no one csn find a job right now after putting out 2000+ applications
Sigh....more gaslighting
The job market has always sucked❤
It's ok depending on industry but not like it was during the pandemic years so younger workers don't remember how to get a job in 2018-1
9 or what it was like in 2008-201
0 right now I'm in the transportation industry and it's not great we will only hire secelet people right now
How can someone be so off the mark?
My story is sensational
Service and low level manufacturing and janitorial is the norm. Unless you have the means and money to get an education in tech. Or computers. You are screwed. The economy added more crap jobs that immigrants wont even work. Easy to talk about on your side, however try and get one in broadcssting and tell me how it works out.
I wouldn't be looking at tech anymore. A lot of tech based industries are starting to lose money. And API access for start ups is being cut off by the major players in the tech. So creating a new app is about impossible without giving your idea to big tech or them taking most of the money from it.
I worked 6 years for Comcast Cable and was sexually harassed and forced to watch porn in the call center office
Comcast sucked so bad they had to change their name / branding to Xfinity.
Please interview me and see how hard my life has been
Ken doesn't want that. It would ruin the fantasy world that he maintains on UA-cam.
Ken, at 0:50, you can start calling it ex-Twitter !!!
Fox News needs to interview me
Lol such msm gaslighting nonsense. Can't believe how uninformed this guy is.
This is one of the most unintelligent UA-cam videos about the job market ever. Don't waste your time watching it. It's seven minutes of aimless rambling with no statistics or logical arguments.
Bullshit
You are right....tons of jobs out there.
But what kind of jobs? Ones that actually pay a living wage? You need to give a little more information.
@@creeper2054even ones that don’t pay a living wage are very difficult to get.